Score

1.92 /10
Danger

UITFX

Hong Kong

2-5 years

Suspicious Regulatory License

MT5 Full License

Regional Brokers

High potential risk

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Score

Regulatory Index0.00

Business Index5.58

Risk Management Index0.00

Software Index7.98

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

United International Trading Co Ltd

Company Abbreviation

UITFX

Platform registered country and region

Hong Kong

Company website

X

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Company summary

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Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

UITFX · Company summary
UITFX Review Summary
Founded2021
Registered Country/RegionHong Kong
RegulationNo regulation
Market InstrumentsForex, Metals, Commodities, Indices, Stocks, Cryptos
Demo Account
LeverageUp to 1:500
SpreadUp to 1.5 pips (ECN MICRO account)
Trading PlatformMT5
Min Deposit$10
Customer Support24/7 live chat, contact form
Tel: +66 61-331-3845
Email: support@uitfx.com
Facebook, X, Instagram, Linkedin, Youtube
Address: 99/238 Moo-9, Nong Prue, Banglamung, Chonburi, Thailand. Pin-20150
Regional RestrictionsUSA, Canada, Sudan, Syria, North Korea, Iran, Iraq, Mauritius, Myanmar, Yemen, Afghanistan, Vanuatu and EEA countries' clients are not allowed

UITFX Information

Founded in 2021, UITFX is an unregulated broker registered in Hong Kong, offering trading in forex, metals, commodities, indices, stocks and cryptos with leverage up to 1:500 and spread up to 1.5 pips on the ECN MICRO account through the MT5 trading platform. Demo accounts are available and the minimum deposit requirement to open a live account is just $10.

UITFX's homepage

Pros and Cons

Pros Cons
Diverse tradable asset classesNo regulation
Demo accountsRegional restrictions
Multiple account typesWithdrawal limit every day
Micro account offered
Commission-free for most accounts
MT5 platform
Low minimum deposit requirement
Popular payment options
24/7 live chat

Is UITFX Legit?

No. UITFX currently has no valid regulations. Please be aware of the risk!

Domain information

What Can I Trade on UITFX?

Tradable Instruments Supported
Forex
Metals
Commodities
Indices
Stocks
Cryptos
Bonds
Options
ETFs

Account Type

Here are four account types UITFX offers:

Account TypeMin DepositSuitable for
ECN MICRO$10New traders
ECN PREMIUM $500Active traders
ECN RAW SPREAD$5 000Professional traders
MAM ZERO SPREAD$500Every type of traders
Account comparison
Account comparison

Leverage

Account TypeMax Leverage
ECN MICRO1:500
ECN PREMIUM 1:500
ECN RAW SPREAD1:200
MAM ZERO SPREAD1:500

The use of leverage can both work in your favour and against you. Leverage magnifies the returns from favorable movements in a currency's exchange rate. It's important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.

UITFX Fees

Account TypeSpread Commission
ECN MICROUp to 1.5 pips
ECN PREMIUM Up to 1.1 pips
ECN RAW SPREADUp to 0.0 pip$8 per standard lot
MAM ZERO SPREADUp to 1.2 pips

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT5Web, Android, Windows, MAC OSExperienced traders
MT4/Beginners
MT5

Deposit and Withdrawal

The broker accepts payments via wire transfer, MasterCard, Visa, Skrill and Neteller.

Account TypeWithdrawal Limit (per day)
ECN MICRO$10 000
ECN PREMIUM $25 000
ECN RAW SPREAD$50 000
MAM ZERO SPREAD$50 000
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User Reviews

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User comment

8

Comments

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lovish
more than one year
I recently started trading with UITFX, and so far, it has been a fantastic journey. The platform's user-friendly interface and a wide range of trading options have made it easy for me to navigate the markets and execute my trades efficiently. Their customer support team is incredibly responsive and helpful, promptly addressing any queries or concerns I had. Additionally, the research and analysis tools they provide have been valuable in making informed trading decisions. While everyone's experience might differ, I can genuinely say that UITFX has been a reliable broker for me. However, as with any financial service, it's essential to do your research and consider your own needs and preferences before choosing a broker. Happy trading, everyone!
I recently started trading with UITFX, and so far, it has been a fantastic journey. The platform's user-friendly interface and a wide range of trading options have made it easy for me to navigate the markets and execute my trades efficiently. Their customer support team is incredibly responsive and helpful, promptly addressing any queries or concerns I had. Additionally, the research and analysis tools they provide have been valuable in making informed trading decisions. While everyone's experience might differ, I can genuinely say that UITFX has been a reliable broker for me. However, as with any financial service, it's essential to do your research and consider your own needs and preferences before choosing a broker. Happy trading, everyone!
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2023-09-06 16:35
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Mike103
more than one year
Although new but very reliable broker. Tight spreads, no manipulation. Support is prominent. Highly recommended.
Although new but very reliable broker. Tight spreads, no manipulation. Support is prominent. Highly recommended.
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2023-09-06 16:25
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